HIGH VOLUME OF PASSING/PEDESTRIAAN TRAFFIC - GREAT BUSINESS EXPOSURE LOCATION

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For Sale by Modern Method of Auction; Starting Bid Price £160,000 plus Reservation Fee. This property is for sale by West Midlands Property Auction powered by iam-sold Ltd.

An Imposing former restaurant premises situated within the heart of Walsall Town centre enjoying a prominent position while benefiting from high volumes of passing traffic. Split over three floors the property offers versatile accommodation that may be suitable for a variety of uses such as catering, retail, offices, clinical or residential conversation subject to relevant planning consent.

This strategically positioned commercial property briefley comprises of the following:

This property is for sale by the Modern Method of Auction by West Midlands Property Auction powered by iam-sold Ltd, which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5%; to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by West Midlands Property Auction powered by iam-sold Ltd. (Reservation Fee is in addition to the final negotiated selling price.)

SERVICESWe are advised that the property is connected to mains services. Please note the agent has not services have ben tested by the agent.

TENUREThe property is available as on a freehold sale basis.

VIEWINGStrictly by appointment with Home Point Commercial.

Location

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